India's FDI Inflows Rise to All-Time High of USD 83.57 bn in 2021-22

BANKING AND ECONOMY

In the financial year 2021-22, India has recorded the highest ever annual Foreign Direct Investment (FDI) inflow of USD 83.57 billion. The data was released by the Ministry of Commerce and Industry. It raised by 2% when compared with the previous fiscal year.

In the financial year 2020-21, the FDI inflow stood at USD 81.97 billion.

The FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 billion) compared to 2020-21 (USD 12.09 billion). The sector was followed by the services sector and the automobile industry. Among sectors, computer software and hardware attracted maximum inflows. 

During this fiscal year, the FDI inflow raised by 27% highest in Singapore when compared with the previous fiscal. Singapore followed by the US (18%) and Mauritius (16%).

To further liberalize and simplify FDI policy for providing ease of doing business and attract investments, reforms have been undertaken recently across sectors, such as coal mining, contract manufacturing, digital media, single-brand retail trading, civil aviation, defense, insurance, and telecom.

Foreign direct investment (FDI) is made when a business takes controlling ownership of a company, sector, individual, or entity in another country.

 

   Important points for the exam:

  • In the financial year 2021-22, India has recorded the highest ever annual foreign direct investment (FDI) inflow of USD 83.57 billion.
  • The data was released by the Ministry of Commerce and Industry.
  • It raised by 2% when compared with the previous fiscal year. In the financial year 2020-21, the FDI inflow stood at USD 81.97 billion.
  • The FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 billion) compared to 2020-21 (USD 12.09 billion).
  • During this fiscal year, the FDI inflow raised by 27% highest in Singapore when compared with the previous fiscal.

   Facts to know:

  • Union Minister of Commerce and Industry: Shri Piyush Goyal - also Minister of Textiles.
  • Foreign direct investment (FDI) is made when a business takes controlling ownership of a company, sector, individual, or entity in another country.
preparing for jeet

Preparing for Govt. Exams?

Here is you path to Jeet

View courses